Need advice on a good deal

[Adil Azad]

How do I know what deal is good and what deal is bad deal?

What should I look for in a property?

[Ben Sears]

@Adil Azad as with any property, a good deal lies in the numbers. if we're talking in the realm of duplex/triplex, etc. there are a number of things that make it a good or bad deal. I like to work backwards taking the total annual rent and subtracting out maintenance costs, rehab, utilities, etc. This also is dependent on your threshold for maintenance and remodel work. There is a big difference in buying turn key vs a property that requires a remodel or a gut job. I would head over to the calculators on BP and plug some numbers in to see what works for you. Post your results and we can help you evaluate your properties. You can check rent rates for free at places like Rentometer and a few others.